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Directors Beware: Inadequate Books and Records Can Now Mean PRISON rather than a director disqualification undertaking. Directors are coming to see us, brandishing a letter from a quite different arm of the Insolvency Service, the Criminal Enforcement Team. Contact us for help and advice.
A company director was given an additional 11 year director disqualification undertaking for acting as a director whilst already disqualified. This is a serious offence.
Director Disqualification Undertakings are growing quickly, according to the Insolvency Service’s figures. Undertakings are where the director voluntarily agrees to a disqualification, without Court scrutiny. However, we believe that many undertakings would be reduced or removed completely if defended through the Court.